Our nation’s personal savings rate is one of the lowest of developed countries. Most of us are not saving enough for retirement and many of us do not have an emergency fund for unanticipated expenses such as a car accident. Our own UHM students graduate with an average debt of $14,818 (class of 2008).
We will join thousands of Americans in a national campaign to save for big items such as a home, education, or retirement or for smaller accounts like an emergency fund. Since 2007, an annual event in February has been dedicated to promoting savings, reducing debt, and building wealth. More than 1,000 non profit organizations, companies, government agencies, educational institutions, religious institutions, and unions are involved in this project.